Saudi Arabia has warned that terrorist attacks in the region could imperil global oil supplies. This has been stated by Saudi King Salman during a meeting of OIC in Makkah today. He said terrorist actions not only target the kingdom and the Gulf region, but also target the safety of navigation and ...

Saudi Arabia's Crown Prince Mohammed bin Salman has arrived in Kuwait to discuss oil supplies and a Kuwaiti mediation effort to resolve the kingdom's conflict with Qatar. Kuwait's state news agency said Prince Mohammed will hold talks with Kuwaiti Emir Sheikh Sabah al-Ahmad al-Jaber al-Sabah. 

ISLAMABAD: Pakistan State Oil (PSO) is witnessing an acute financial crisis due to mounting receivables from different companies including Pakistan International Airlines (PIA).Pakistan Customs recovered Rs. 17 crore heroin from PIA aircraftAs per declaration from PSO, company is facing immense ...

LONDON: Islamic State (ISIS) is banking as much as $3m (£1.98m) a week from oil sales to smugglers and the local market as US and British air strikes attempt to destroy the infrastructure that allows Daesh (IS) to pump and refine crude in its strongholds in eastern Syria. Tom Keatinge, director ...